Used Car Loan Parlakhemundi

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Used Car Loan Parlakhemundi

Best Banks for Used Car Loan in Parlakhemundi

Feature
HDFC Bank
Private Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
11%
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Used Car Loan Parlakhemundi FeaturesUsed Car Loan Parlakhemundi

Dialabank has the solution is available for all of your problems related to a car with a used car loan to help you enjoy your liberty without limiting your daily pocket expenses by following features:

  • Altered repayment plans are accessible with the effectively payable portions.
  • Doorstep administration and simple documentation facility available for our clients.
  • Easy repayment plans beginning from a year to facilitate the weight.
  • Customized help and warning by our exceptionally prepared specialists to pick a vehicle that meets your needs.
  • You may likewise acquire up to 100% of the estimation of the vehicle to the estimation of 3-6 times your yearly compensation.
  • Get 85% of the estimation of the vehicle as a credit sum for a long time without pay evidence confirmation.
  • Car at its maturity age should not exceed 10 years, with the greatest loan benefit until 60 months.
  • You can get a credit up to Rs.2.5 crore on the worth of the car to maximize the benefit for you.

*Terms and Conditions Apply

Used Car Loan Parlakhemundi Interest Rates

Bank
Processing Fee
Prepayment Charges
HDFC Bank Car Loan
(1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan
Nil
Nil
Muthoot Car Loan
Nil
Nil
Manappauram Car Loan
Nil
Nil
PNB Car Loan
0.70% to 1%
Nil
Canara Bank Car Loan
1%
Nil
Andhra Bank Car Loan
Nil
Nil

 

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Used Car Loan Parlakhemundi Documents Required

For Salaried Individuals:

For Identity and Address Proof:

  • Valid Passport
  • Permanent Driving license
  • Letter issued by the National Population Register mentioning name & address
  • Voters ID Card
  • Job card provided by NREGA

For Income Proof:

  • Latest Salary Slip
  • Bank Statements for the last 6 months
  • Latest Form 16/ Latest ITR

For Signature Verification Proof:

  • Photo Driving License
  • Credit Card Statement and its Copy
  • Banker’s Verification
  • Copy of Margin Money Paid to Bank
  • Passport Copy

For Self Employed**:

Income proof: Latest ITR and audited balance sheet with profit & loss account.

Age proof: Certificate of Incorporation/Memorandum and Articles of Association.

Identity proof: Certificate of Incorporation/ Memorandum and Articles of Association.

For Sign Verification Proof:

  • Credit Card Statement and its Copy
  • Copy of Margin Money Paid to Bank.
  • Passport Copy
  • Banker’s Verification
  • Photo Driving License

For Address Proof:

  • Telephone Bill
  • Electricity Bill
  • Memorandum and Articles of Association
  • Certification of Incorporation

**The following companies are also applicable for a Used Car Loan Parlakhemundi:

  • Sole Proprietorship
  • Partnership Firms
  • Private Limited Companies
  • Public Limited Companies

Used Car Loan Parlakhemundi Eligibility Criteria

The following people are eligible to apply for a Pre-Owned Car Loan in Parlakhemundi:

Salaried Individual:

  • Minimum Work Experience: Individuals who have job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
  • Minimum Earning: People earning a minimum of Rs. 2,50,000 annually, the income of the spouse can be considered as included with the candidate’s income.
  • Age Limit: Individuals having the age of 21 years when applying for the loan, and a maximum of 60 years of age at the end of the loan maturity period.
  • Professional practitioners a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.

Self Employed***:

  • Individuals who own a private company in the business of manufacturing, trading, or service undertakings.
  • Rs. 2,50,000 per year should be a minimum remuneration.
  • Individuals who have an office landline number.

***The following companies are also eligible for a Used Car Loan Parlakhemundi:

  • Sole Proprietorship
  • Partnership Firms
  • Public Limited Companies
  • Private Limited Companies

Used Car Loan for Major Car Manufacturers in Parlakhemundi

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Used Car Loan Parlakhemundi

Category
Details
Processing Charges
1999 - 4999 + Tax
Prepayment 
No prepayment is allowed until 12 EMIs are paid
Preclosure
No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges
13-24 months: 2% of loan principal outstanding
>36 months: Nil Charges
Stamp Duty
As per state laws
Cheque Bounce Chgs
₹ 550/chq +  GST
Floating Rate of Interest
Not Applicable
Overdue EMI Interest
2% p.m.(on overdue amount)
Amortisation Schedule Chgs
Rs 200 + GST

Pre Calculated EMI Table for Used Car Loan Parlakhemundi

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

Used Car Loan EMI Calculator Parlakhemundi

About Parlakhemundi 

Paralakhemundi is an ancient municipality in Gajapati district in the Indian state of Odisha. The town and the District share its boundaries with Andhra Pradesh, wherein the majority of the population speak Odia language.

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